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Wednesday, December 02, 2015 

Stocks to Watch for December 03, 2015

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VirnetX Holding Corporation (NYSEMKT:VHC) The daily technical chart is displaying a screaming buy divergence on the upside. Expect an initial run up to $3.45 with a break higher moving to the $4 zone. Momentum picking up with MACD climbing and RSI rising. In the past 3 months there were 7 insider purchases from insiders that should indicate the stock is really worth buying. Existing insider activity combined with a high short ratio (39 days to cover 12M shares), may be the perfect catalyst needed to spark a short-squeeze buying explosion here. Lets keep an eye on it.

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Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) price is forming a potential cup-and-handle bottom formation on daily chart. Momentum indicators are bullish with the RSI inching away above the middle level and with the MACD crossing above zero. Any close above $12.85 could lead to a substantial gain in shares. This stock should be on your watchlist.

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SolarCity Corp (NASDAQ:SCTY) As you can see on the daily technical chart above, stock has clearly been showing relative strength in the last couple trade sessions. If it breaks the key resistance line of 34.65, it should easily go to next price resistance around 38. The momentum indicators are also not overbought on daily, implying scope for further upsides. On watch.

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Straight Path Communications Inc (NYSEMKT:STRP) Despite the bearish market action today, the stock performed well. I think current levels offer a great chance to play a rebound in shares. The stock closed at $11.86 above the 9EMA. MACD is perking up and RSI just crossed its 35% level. I think it has room to go higher. Over 12.5, next stop 13.18 then the run to $14.5. Worth watching going forward.

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TerraForm Power Inc (NASDAQ:TERP) good relative strength compared to the market today. Key resistance is located at $9.89, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $13 zone.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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22:05 | |

Tuesday, November 24, 2015 

Stocks to Watch for November 25, 2015

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Clovis Oncology Inc (NASDAQ:CLVS) seems to have bottomed out and is ready for a decent bounce to 32-35 levels where it faces some resistance. We'll have to watch the stock around those levels. If you are long, initial stoploss should be placed at 25. Let's keep an eye on CLVS as i think momentum will pick up.

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Nice day for Acacia Research Corp (NASDAQ:ACTG) today. I alerted this one on Twitter as a possible bounce play and the stock did what it was supposed to do, closing up 22 cents or 4% on the day trading more than 690K shares. The stock hit a high of $5.51, which is resistance for Wednsday’s move. ACTG showed strength throughout the day and should continue this upside move. If the stock can break through 5.58, I expect to see a strong upside move to $6.5 and better. On Watch.

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Straight Path Communications Inc (NYSEMKT:STRP) is showing signs of bottoming out on the charts along with the MACD giving positive signals. The stock has just broke a potential falling wedge pattern which is usually bullish. A move past 10.44 could see a bounce till 12.50

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BlackBerry Ltd (NASDAQ:BBRY) I think the most important level to watch at this point is the 200-day EMA now at $8.25. If this zone is surpassed, getting to $10 would be a possibility. From a technical standpoint the daily chart shows the stock is now back to new rally as %K line is back above %D line while the MACD is moving up showing positive momentum. The high short interest could cause shares to experience a rapid rally if it breaks the 200EMA. Long setup on watch.

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Sunedison Inc (NYSE:SUNE) Strong bounce on heavy volume. The stock opened today`s session at $3.40 and intra-day was ranging at 3.14-4.25 ending the session with a strong gain of 37%. This could be the start of a nice rebound. The current rally should at least push the stock to 5.17 per share where the next resistance is. Stay tuned.

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Prima BioMed Ltd (NASDAQ:PBMD) was a big winner today as the stock ended up $1.23 on the day. I will be watching the stock on Wednesday for a continuation move through Tuesday’s highs of $1.27. Although this trend is encouraging the near-term outlook stays cautious till the stock closes conclusively above 1.35 on heavy volume.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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22:30 | |

Saturday, November 21, 2015 

Stocks to Watch for November 23, 2015

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) which has been building momentum since late-October, broke out of its bullish consolidation on massive volume on news that its Rintega brain cancer vaccine reduced the risk of death from the disease by 47 percent in a 73 patient randomized study. Plus, the survival rate at 2 years was 25% for patients given the vaccine versus none in the control group, so I was motivated to buy more shares. This move broke the stock out of a triple top resistance zone that contained the upmove since August. From a technical standpoint daily technical indicators are looking bullish. The MACD is above its signal line and is moving up in positive territory. CMF is also positive and RSI has moved above its 60% level. On longer-term daily chart, the stock is trading below its 100-day and 200-day EMAs but well above its rising 50-day EMA. The short-term bull market is intact, despite being in a bear market in the medium-term. I think the stock next week can easily re-visit its 200-day EMA at $18.48, if not higher. Based on Friday's news, I expect upgrades coming soon.

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Bellerophon Therapeutics Inc (NASDAQ:BLPH) Calling a bottom is always extremely difficult, but in my opinion this daily technical chart is showing some positive momentum divergences. Honestly, the selling pressure seems to be losing momentum and Friday we saw unusual volume. If the stock can hold the support around 2.85 we may see a bounce to $4 or more very soon. Note: The fact that the company is now trading below cash levels ($4.02 in cash), provides further protection. I bought this stock on Friday...Keep in mind, Bio-mania is back and I am always eager to find these kind of setups (Solid bottoms with positive divergences) and act on them in these times of euphoria.

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Nice runner from Thursday's Twitter buy list. Ambarella Inc (NASDAQ:AMBA) traded nicely on Friday and I’m looking for continuation of the upward direction next week. The stock is a short squeeze candidate, with a short float at 43% equivalent to 6 days of average volume. From a technical standpoint, the daily technical chart shows that the stock is in a rally as %K line is rising on top of %D line as the price is back above the short-term EMAs and with a positive MACD action. The RSI is also rising along with the rise in volumes indicates buying interest in the stock. At the same time, price broke out of downtrend line which goes back to the September top. Can get interesting. Keep close eye on this one for a major rally to the upside.

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It is very clear that the stock wants to move higher again, but too much caution right now. Rambus Inc. (NASDAQ:RMBS) needs to take out $11.34. The break of the resistance line with heavy volume should be the next buy point. The short-term trend is still bullish as the stock is still on top of 9,13 and 20EMAs. Other good news, the RSI is perking up and the MACD is moving up. I think the stock has room to go higher. Watch the stock closely next week.

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BlackBerry Ltd (NASDAQ:BBRY) For the first time in weeks, the 50-day moving average is starting to rise, suggesting that the medium-term trend has switched to bullish. The daily technical indicators remain Bullish. The MACD is positive and above its signal line. The RSI is bullish as it rises above its 50% level and the slow stochastic is climbing towards its neutral zone. Plus, all three short-term EMAs have started moving up. Friday’s intraday high of 7.90 is the highest level the stock has touched in more than two weeks. A break above 8.25 (200EMA) will push the STOCK into a BULL market.

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JD (NASDAQ:JD) looks to be setting up for an upside move. The price is in the top of a short-term trading range. Resistance is $30.26. At this stage it is definitely a wait and see if this key resistance will be easily taken out by the bulls. Stay tuned.

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Alphabet Inc (NASDAQ:GOOGL) has a bullish looking chart. Price broke out to a new all-time high Friday, accompanied by a good volume suggesting higher levels.The stock has been in a nice uptrend for the last two months and it looks very strong with both 50-day and 200-day exp moving averages going up while %K line is on top of %D line. Long setup.

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Straight Path Communications Inc (NYSEMKT:STRP) The daily technical indicators of the stock are gaining some momentum and are close to flashing some buy signals. The trend is down, but this is a good spot to speculate a potential strong oversold bounce.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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20:27 | |

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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